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Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in collaboration with Paxos), which is authorized and regulated by the New York State Department of Financial Services (NYDFS), The BUSD Monthly Audit Report is available on the official website. BUSD, which was launched on September 5, 2019, aims to combine the stability of the dollar with blockchain technology. It is an ERC-20 digital fiat currency that supports BEP-2.
Based on the price stability, Stablecoin plays an important role in transactions, payments and settlement, and Decentralised Finance (DeFi).
Here are some of the BUSD use case:
Binance’s founder and CEO is Changpeng Zhao. Zhao joined Bloomberg in 2001 as the head of tradebook futures development. He worked for the company for four years before becoming a partner at Fusion Systems.
Changpeng Zhao has been involved with blockchain technology and cryptocurrencies since 2013. He became the head of development at Blockchain and founded BijieTech in 2015. Zhao officially launched Binance in 2017, and he has served as the company’s CEO ever since.
He Yi is Binance’s co-founder and chief marketing officer. In 2012, she began her career as a TV anchor and presenter on China Travel TV. Later, in 2014, Yi co-founded OKCoin, which at the time was China’s largest fiat-to-crypto exchange. In 2017, she partnered with Changpeng Zhao to launch Binance, the world’s largest cryptocurrency exchange.
If you’re wondering where to buy Binance USD at the moment, the top cryptocurrency exchanges for trading Binance USD stock right now are Binance, BTCEX, Bybit, BingX, and CoinTiger.
